Recurring Deposit

Recurring Deposit

Recurring Deposit

  • One of the safest investment options available.
  • You can gain a higher rate of interest than on a regular Savings deposit account.
  • Your Interest will be credited on a monthly, half yearly or annual basis.
  • Deposits  can be closed prematurely in case of emergency *
  • As per Income Tax ACT 1961 interest earning on your FD up to Rs.5000/- is exempted.
  • Preferential rate of interest available for special category*
  • Loan Against FD available up to 75 % of the deposit amount*
  • Deposit schemes are rated by ICRA with present rating “MA”
  • Deposits are accepted as regulated by RBI on time to time.

*conditions as specified in the Dep

Schemes

RD

Period

Flat rate

Maturity Value of Rs.100

12  months

7%

1246.00

24 months

7%

2582.00

36 months

7%

4014.00

60 months

7%

7193.00

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